Embotelladora Andina (NYSE:AKO.B) Announces Earnings Results

Embotelladora Andina (NYSE:AKO.B) announced its earnings results on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03, Zacks reports. Embotelladora Andina had a net margin of 8.46% and a return on equity of 23.40%.

Embotelladora Andina Price Performance

NYSE:AKO.B traded up $1.24 during trading hours on Tuesday, reaching $29.60. 10,716 shares of the company were exchanged, compared to its average volume of 11,781. The company has a market capitalization of $4.67 billion, a P/E ratio of 14.44 and a beta of 0.58. Embotelladora Andina has a 1-year low of $24.12 and a 1-year high of $33.86. The business has a 50 day moving average of $29.83 and a 200 day moving average of $29.45.

Embotelladora Andina Company Profile

Embotelladora Andina SA is a beverage company that manufactures, markets and distributes Coca-Cola products and other consumer beverages. Its portfolio includes carbonated soft drinks, bottled water, juices, sports drinks, energy drinks and other beverage categories, with products sold under The Coca-Cola Company’s brands as well as selected local and third-party brands.

The company operates as a Coca-Cola bottler in Chile, Argentina, Paraguay and portions of Brazil. Its activities include beverage production and packaging, sales and marketing, logistics, and distribution to supermarkets, convenience stores, restaurants, food-service operators and other retail customers.

Founded in 1946, Embotelladora Andina has expanded from its original Chilean operations into a broader South American bottling and distribution network.